LG Electronics India IPO subscribed 46.53 times so far on day 3; here's how its financials stack up

LG Electronics India IPO: LG Electronics India's initial public offering is receiving a robust response from investors, with the issue being subscribed 46.53 times so far on the third day of bidding on Thursday, October 9.

Qualified institutional buyers (QIBs) led the bidding, subscribing the portion reserved for them 140.97 times. The category set aside for non-institutional investors was booked 21.93 times, while the retail portion was subscribed 3.35 times, as per NSE data until 3:38 pm.

As the public offer is closing today, here's a look at its financials.

LG Electronics India IPO: A look at its financials

LG Electronics India's profit surged 45.8% to ₹2,203.35 crore in FY25, and its revenue from operations was up 14.1% to ₹24,366.64 crore, according to the latest RoC filing by the appliances and consumer electronics major.

The company reported a post-tax profit of ₹1,511.07 crore and revenue from operations of ₹21,352 crore for the financial year ended March 31, 2024.

LG Electronics India (LGEI)'s total income in FY25, including other income, rose 14.25% to ₹24,630.63 crore, according to the financial data accessed by the business intelligence platform Tofler.

The company’s pre-tax profit rose 45.5% in FY25. The South Korea-based parent entity LG Electronics is selling a 15% stake through offer for sale (OFS) in the Indian unit’s initial public offering (IPO).

LGEI's advertising promotional expenses increased 7.27% to ₹1,009.12 crore in FY25, from ₹940.71 crore in FY24.

The total tax expense of LGEI in FY25 rose 44.42% to ₹759.76 crore as against ₹526.05 crore a year ago.

Moreover, the 'cost royalty' paid by LGEI to its parent entity under the licence agreement rose 12.74% to ₹454.61 crore in FY25, from ₹403.23 crore a year ago.

LG Electronics India's total expenses increased 11% in FY25 to ₹21,667.52 crore. According to its latest filing, the refrigerator business led the company’s revenue, contributing ₹6,696.45 crore, or 27.48% of LGEI's total turnover.

LG Electronics India IPO day 3: Latest GMP

According to media reports and investorgain.com, LG Electronics India's unlisted shares are trading at ₹1,465, reflecting a grey market premium of 28.51% over the upper price band of ₹1,140.